Invigor Group Limited (ASX:IVO) has had no shortage of good news lately. Barely a week has gone by without the company announcing another contract win.
IVO’s Condat business recently secured A$1.25 million in new contracts with German public broadcaster RBB and performance rights agency GVL.
It followed that up with two major contract wins for its Insights 360 (Retail) platform, from leading international winemaker, Accolade Wines (which produces the popular Australian brand ‘Hardys’) and globally recognised beverage company, Asahi Beverages.
A 33% quarterly increase in revenue-generating contracts for its market insights platform SpotLite, including customers across a range of sectors in Australia, New Zealand, the US, the UK and Norway, rounds out this recent growth and puts the company in a good position leading into 2018.
The company will also have money in the bank, following a recent capital raise that will bring in $732,000 with options equalling a potential total raise of $1.1 million.
Further, IVO has initiated a $600,000 cost reduction program.
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IVO has been busy beyond the sales pipeline and strengthening its balance sheet.
The sub $10 million capped company, has signed a deal with Microsoft which included the optimisation of Invigor Shopper Insights on Microsoft Azure for a key Australian retail customer. IVO is no stranger to working with big brands, having previously partnered with eBay and GoDaddy for the SpotLite platform.
IVO is also expanding its Skyware logistics offering into the Asia Pacific region, with the division having enjoyed year on year growth of 100% and anticipating revenue of $2 million for 2018.
IF IVO continues on this trajectory, we could see big things happen for it in the coming 12 months.
Our Latest Articles on Invigor Group Limited
|Type||Date||Share Price $||Title|
|Article||20-Sep-2018||$||Could IVO Attract Tencent Attention by Providing Loyalty to WeChat Users?|
|Article||15-Dec-2017||$||IVO’s Plan to Turn Contract Momentum into Ongoing Revenues|
|Article||26-Jul-2017||$||Putting the Spotlight on IVO’s Recent Contract Wins|
|Article||05-May-2017||$||Amazon is Coming: IVO’s Big Data Solutions to Help Counter Retailers Threat|
|Article||11-Jul-2016||$||IVO Bags $500k Deal with $4M in the Pipeline|
|Article||26-Apr-2016||$||IVO Join EU Backed Consortium with Major Media Companies: Set to Bolster Revenue and IP|
|Article||29-Mar-2016||$||Revenue Generating ASX Junior Leveraged to the $50BN Big Data Explosion|
Could IVO Attract Tencent Attention by Providing Loyalty to WeChat Users?
Sep 20, 2018
Invigor Group (ASX:IVO) has signed a MoU with China’s Winning Group, a highly valued and very select partner of the multi-billion dollar capped tech giant Tencent.
Putting the Spotlight on IVO’s Recent Contract Wins
Jul 26, 2017
IVO Bags $500k Deal with $4M in the Pipeline
Jul 11, 2016
IVO Join EU Backed Consortium with Major Media Companies: Set to Bolster Revenue and IP
Apr 26, 2016